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image  Union Aarogyam Loan scheme for Healthcare Sector

Union Aarogyam Loan scheme for Healthcare Sector

Sl.No Parameter Details
1.

Eligibility

a. Entities eligible for fresh lending support are:
  • Vaccine manufacturers
  • Importers/ Suppliers of vaccine & priority medical devices
  • Hospitals/ Dispensaries
  • Pathology Labs
  • Manufacturers and suppliers of ventilators
  • Importers of Vaccines & COVID related drugs
  • COVID related Logistics firms etc

b. All other units other than hospitals engaged in the manufacture and supply of Healthcare Services.
c. Ecosystem engaged in building / servicing Health care Infrastructure.
2.

Purpose

Financing under the scheme is for ramping up of COVID related healthcare infrastructure and services in the country.

3.

Facility

Term Loan, Cash Credit, Import Letter of Credit, Bank Guarantee.

4.

Quantum of Finance

Minimum: Above Rs 10.00 lakh

Maximum: Rs 100.00 Crore.

5.

Assessment

As per Loan Policy

6.

Margin

Term Loan

25%(For purchase of Equipment and Vehicle 15%)

Cash Credit

25% on Stock & Book-Debts (BDs upto 90 days shall be reckoned for DP calculation).

LC/ BG

25% (Cash/ FDR Margin)

7.

Charges

Processing Charges & Other Charges - 50% of the applicable charges

8.

Interest Rate

As per IC no.2621-2021 dt.24.05.2021 –
MSME - Minimum EBLR + 2.00% to 2.50%
Others - Minimum MCLR + 2.00% to 2.50%

9.

Security

Primary Security - Assets created out of bank finance.
Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE.

10.

Repayment

Term loan is repayable in 10 years including maximum moratorium period 18 months in case of Construction of Hospital/Nursing/Home/ Clinic and up to 6 months in case of only equipment finance.

Working Capital: On Demand.